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Started By
Message
Trump is introducing more welfare for "low-income" people
Posted on 4/30/26 at 2:11 pm
Posted on 4/30/26 at 2:11 pm
Loading Twitter/X Embed...
If tweet fails to load, click here. These people already get more than they pay in on refunds thanks to credits
Now we get to give them another $1000 per year
quote:
President Trump is in the Oval Office signing an executive order expanding high-quality retirement savings accounts for MILLIONS of Americans
"Americans will be able to access the same type of retirement accounts that federal employees enjoy"
"As part of the Federal Savers Match program, Low Income Americans will be eligible to receive up to $1,000 per year in matching funds deposited directly into their accounts."
"This is a great thing for millions of Americans who lack employer-sponsored plans. This will be really revolutionary because they'll be covered."
"For example, a 25-year-old who is eligible for the Savers Match program invests just $165 a month under the matching federal contributions, they will have an estimated $465,000 in their account by the time they're 65 years old."
I thought we were trying to get people off the Government tit?
27
Posted on 4/30/26 at 2:13 pm to stout
quote:
I thought we were trying to get people off the Government tit?
This is probably a net benefit for the country even though it's more spending on the front end.
Posted on 4/30/26 at 2:14 pm to stout
Debt is over 100% of GDP
How about we try cutting spending? What happened to DOGE?
How about we try cutting spending? What happened to DOGE?
Posted on 4/30/26 at 2:17 pm to stout
At least make them work for it. Certain amount of community service or something.
This idea of just being entitled to free money by virtue of the fact that you hit the birth lottery in America is nuts. People need to have skin in the game.
This idea of just being entitled to free money by virtue of the fact that you hit the birth lottery in America is nuts. People need to have skin in the game.
Posted on 4/30/26 at 2:17 pm to deltaland
DOGE was a nice idea many here fell for but it's gone now.
Posted on 4/30/26 at 2:19 pm to stout
quote:
I thought we were trying to get people off the Government tit?
Trump is not a conservative.
Conservatives want people off the givernment tit.
Posted on 4/30/26 at 2:20 pm to stout
In order to win elections, you have to have constituents.
Posted on 4/30/26 at 2:22 pm to theballguy
Posted on 4/30/26 at 2:25 pm to wackatimesthree
quote:
quote:
I thought we were trying to get people off the Government tit?
Trump is not a conservative.
Conservatives want people off the givernment tit.
I'm not saying this is what's going on, and I'm not saying I'm in favor of THIS, but let's say one wants to get us in a position to "do something" about reforming and/or somehow phasing down Social Security. Wouldn't putting something like this in place preemptively, better position us politically to be able to do that?
And yeah, inb4 muh 37 degree chess.
Posted on 4/30/26 at 2:28 pm to stout
quote:
As part of the Federal Savers Match program, Low Income Americans will be eligible to receive up to $1,000 per year in matching funds deposited directly into their accounts."
Matching... meaning the presumptive savers must actually put in as well.
I'm okay with this.
Posted on 4/30/26 at 2:28 pm to stout
We really need graduated welfare... steps to wean off for people capable of holding down a job. The all-or-nothing approach to welfare is what creates dependency.
Posted on 4/30/26 at 2:28 pm to stout
quote:
I thought we were trying to get people off the Government tit?
Why do that when there are voters to buy off?
Posted on 4/30/26 at 2:28 pm to stout
quote:
The Saver's Match program is a federal initiative aimed at enhancing retirement savings for low- and moderate-income Americans. It will provide a direct federal matching contribution to qualified retirement savings accounts, such as 401(k)s, IRAs, and Roth IRAs. The program will match 50% of contributions up to $2,000 per year, allowing qualifying workers to receive up to $1,000 directly in their retirement accounts. Eligibility is based on modified adjusted gross income (MAGI) and filing status, with a gradual phase-out to reduce the "cliff" effect under current law. The program is part of the SECURE 2.0 Act of 2022 and will take effect for tax years beginning on or after January 1, 2027.
Posted on 4/30/26 at 2:29 pm to deltaland
quote:
How about we try cutting spending? What happened to DOGE?
Congress never implemented the cuts. Unfortunately most of the fraud is codified by law from bills passed by Congress.
Posted on 4/30/26 at 2:30 pm to stout
quote:
Beginning in 2027, the federal Saver's Match program will provide a 50% matching contribution on the first $2,000 of annual retirement savings for eligible low- to moderate-income earners, offering up to $1,000 in federal funds per year. Replacing the existing Saver's Credit, this SECURE 2.0 provision directly deposits money into personal IRAs or workplace plans to enhance retirement security.
?rch1.com +4
Key Details of the Saver's Match (Starting 2027)
Match Amount: 50% of contributions up to a maximum of $1,000 annually ($2,000 contribution required)
.
Eligibility: Based on income. Generally, for single filers, the full match is available for income below $20,500, phasing out entirely by $35,500. For married couples, full match applies under $41,000, phasing out by $71,000 (figures based on early guidance and subject to adjustments).
How it Works: The government matches contributions to 401(k), 403(b), or SIMPLE IRA plans, as well as Traditional or Roth IRAs.
Claiming the Match: Participants will claim the match on their federal tax return.
Target Audience: Specifically designed for low- and moderate-income employees who might otherwise not save.
Posted on 4/30/26 at 2:31 pm to LSUbest
As if people making less than $21,000/year have 401Ks.
Posted on 4/30/26 at 2:36 pm to 4cubbies
quote:
As if people making less than $21,000/year have 401Ks.
Notice it's matching, if they don't put their own money in there's no match.
Posted on 4/30/26 at 2:41 pm to KosmoCramer
quote:
This is probably a net benefit for the country even though it's more spending on the front end.
I agree. Giving low income people a head start at an early age means less public assistance later. It's matching funds, so they have to invest their own money first. That's better than spending it on lottery tickets, booze and other unhealthy shite. This is a new concept to many people...putting away savings, so you have it later when you really need it.
Posted on 4/30/26 at 2:42 pm to 4cubbies
quote:
As if people making less than $21,000/year have 401Ks.
Matching funds.
Posted on 4/30/26 at 2:44 pm to deltaland
quote:They came in guns a blazing with a 19 yr old staffer "Big Balls". They disbanded the DOGE central office and its rumored they now operate under federal agencies to "reduce waste and improve efficiency."
What happened to DOGE?
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